Address
1009 Griffith Road, Abilene, TX
Price
$ 1,999,999
Property Attributes
  • MLS#20576997
  • TypeMulti-Family
  • CountyTAYLOR
  • CityAbilene
  • NeighborhoodThe Villas Of University Hills
  • Zip79601
  • StyleMultiple Single Units
  • Year Built2003
  • Taxes$ 36205
  • Price$ 1,999,999
  • Bedrooms36
  • Full Bathrooms24
  • Half Bathrooms0
  • Lot Size1.6 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description

Introducing an exceptional investment opportunity: a meticulously crafted 12-unit rental complex nestled in a prime location close to Abilene Christian University, Hardin Simmons University, and Hendrick Hospital. Each unit boasts a spacious layout featuring three bedrooms and two bathrooms, providing ample space and comfort for residents. This property is designed to appeal to both students and professionals seeking convenient access to nearby educational institutions and healthcare facilities. Whether it's for students attending universities or medical professionals working at Hendrick Hospital, this complex offers an ideal living solution. The strategic location ensures high demand and consistent occupancy rates, making it an attractive proposition for investors seeking stable returns. Don't miss out on this opportunity to capitalize on the thriving rental market in this desirable area. Currently 100 percent occupied.

Elementary School
Taylor Elementary School
Price History
4/2/2024 Listed $1,999,999

General Features

Heating Central
Complex Name Griffith
Cooling Central Air
Utilities City Sewer,Community Mailbox
Possession Closing/Funding
Roof Composition
Appliances Dishwasher,Electric Range,Microwave
School District Abilene ISD
Capitalization Rate 6.49
Year Built 2003
Levels Two
Unexempt Taxes 36205
Will Subdivide No
Gross Annual Expenses 57810.00
Property SubType Multiple Single Units
Subdivision Name The Villas Of University Hills
Insurance Expense 14004
County Taylor
Operating Expense Includes Gardener,Maintenance,Maintenance Grounds,Manager,Professional Management,Water/Sewer
Property Type Residential Income
Construction Materials Brick,Siding
Year Built Details Preowned
HOA Type None
# of Buildings 12
Status Active
Directions From EN 11th,turn on Griffith. Units will be on east side of road.
City Abilene
Buyer Agent Compensation 2%
Elementary School Name Taylor
High School Abilene
Street Name Griffith
Elementary School Taylor
Virtual Tour URL Unbranded https://www.propertypanorama.com/instaview/ntreis/20576997
Standard Status Active
Buyer Agent Compensation Type %

Interior Features

Interior Features High Speed Internet Available
Flooring Carpet,Ceramic Tile
Total Units 12
Unit Count 1
Full Baths 24
Lock Box Type None
Street Suffix Road
Total Bedrooms 36

Exterior Features

Parking Features Common
Foundation Slab
Lot Size Area 1.6000
Number Of Parking Spaces 24
Lot Size Units Acres
Building Area Total 17316.00
Lot Size Square Feet 69696.0000
Lot Size Acres 1.6000

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 79601

Price
AVG $480K
$2M
Taxes
AVG $7,931
$36,205
Visits
AVG 163
155
Data Provided by Inside Real Estate®
Year Built
AVG 1959
2003